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Push to bring coronavirus vaccines to the poor faces trouble

by | Oct 1, 2020 | , , ,

In one of the biggest obstacles, rich countries have locked up most of the world’s potential vaccine supply through 2021, and the U.S. and others have refused to join the project, called Covax.

The supply of vaccines is not going to be there in the near term, and the money also isn’t there, warned Rohit Malpani, a public health consultant who previously worked for Doctors Without Borders.

India’s coronavirus infections rise to 6.39 million

by | Oct 1, 2020 | , , , ,

Deaths from coronavirus infections rose by 1,095 in the last 24 hours to 99,773, the ministry said.The total recoveries have surged to 53,52,078. There are 9,42,217 active cases of coronavirus infection in the country which comprises 14.74 per cent of the total caseload, the data stated.The COVID-19 case fatality rate was recorded at 1.56 per cent

Indian monsoon rains above average for second year in a row

by | Sep 30, 2020 | , ,

The monsoon delivers about 70% of India’s annual rainfall and determines the yield of crops such as rice, wheat, sugarcane and oilseeds.Farmers are likely to expand areas planted with winter-sown crops due to the ample soil moisture and an increase in the price the government pays for some crops, said Subhranil Dey, senior research analyst at commodity brokerage SMC Comtrade Ltd in New Delhi.

Unlock5: Centre permits schools, colleges, cinemas to reopen from October 15

by | Sep 30, 2020 | , , ,

However, the ministry said that restrictions on international travel, except those permitted by the Centre, will continue. Swimming pools being used for training of sportspersons will be allowed to open for which the standard operating procedure (SOP) will be issued by the Ministry of Youth Affairs and Sports.
The lockdown shall continue to be implemented strictly in the containment zones till October 31, the ministry said. The home ministry reiterated that states will not impose any local lockdown outside the containment zones without prior consultation with the central government. There will be no restriction on inter-state and intra-state movement.

Private sector must focus on PPP to develop modern healthcare facilities in rural area:Venkaiah Naidu

by | Sep 30, 2020 | , , ,

The National Digital Health Mission has the potential to unlock ₹1.5 trillion in incremental value for India’s healthcare industry in about 10 years, said a joint publication by Boston Consulting Group (BCG)  and FICCI titled “Leapfrogging to a Digital Healthcare System: Reimaging Healthcare for Every Indian”

Federation of LIC Class-I Officers’ Associations rejects 15 % wage hike offer by the Corporation

by | Sep 30, 2020 | ,

MR Kumar, chairman, LIC pointed out that the corporation has done extremely well even in the most trying situations. He said that, he is happy as the LIC had regained some of the lost market share and is leading the Indian insurance market with over 71 per cent market share. The LIC chief said that, the COVID 19 pandemic had thrown up new challenges and businesses have to attune themselves to new technologies.

Financial firms and governments deeply sceptical of cryptocurrencies: survey

by | Sep 30, 2020 | , , , ,

Around 60% of respondents from financial firms, government and the private sector alike to the survey by the Royal United Services Institute think-tank and the Association of Anti-Money Laundering Specialists said cryptocurrencies were a risk rather than an opportunity. Illicit usage was the major concern.
The findings, one of the most detailed efforts yet to map out mainstream global views towards cryptocurrencies, lay bare the depth of skepticism towards the emerging tech.

Lloyd’s launches “first-of-its-kind” parametric business interruption insurance policy for SMEs

by | Sep 30, 2020 | , , , , ,

Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies today use. Instead, the new solution uses a parametric trigger, meaning that the policy automatically pays out if a customer’s critical IT services – such as cloud, e-commerce or payment systems – are disrupted. This significantly reduces the time insurers spend assessing a loss or adjusting a claim.

The new product is led by Tokio Marine Kiln (TMK) and supported by other members of Lloyd’s Product Innovation Facility including RenaissanceRe. It is the first off-the-shelf parametric IT downtime policy tailored towards SMEs.

Global coronavirus deaths pass ‘agonizing milestone’ of 1 million

by | Sep 29, 2020 | , , , ,

It took just three months for COVID-19 deaths to double from half a million, an accelerating rate of fatalities since the first death was recorded in China in early January.

More than 5,400 people are dying around the world every 24 hours, according to Reuters calculations based on September averages, overwhelming funeral businesses and cemeteries.

Pandemic to keep Asia’s growth at lowest since 1967, warns World Bank

by | Sep 29, 2020 | , , ,

The economic shock of the pandemic was also expected to lead to a jump in poverty, defined as income of $5.50 a day, the bank said, adding that based on past experience and the latest gross domestic product forecasts, poverty could expand by 33 million to 38 million people to see its first rise in 20 years.

The bank said that 33 million people who would have in the absence of the pandemic escaped poverty would remain in it this year.